South Eastern European countries should step up their fight against corruption, further encourage competition and intensify regional co-operation on trade in order to attract more and better foreign direct investment, according to a new OECD report.
The OECD Investment Compact’s Investment Reform Index report 2006 analyses the policies of countries in the region and recommends how they could improve them to attract more and better foreign direct investment (FDI). The countries are Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Moldova, Montenegro, Romania and Serbia.
Some significant progress has been made, the report finds. Countries have put in place effective investment policies, liberalised their trade regimes and introduced low corporate tax rates that range from 9% to 20%.
See full Press Release.
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